Research Analysts Offer Predictions for TIXT FY2024 Earnings

TELUS International (Cda) Inc. (NYSE:TIXT - Free Report) - Research analysts at Stifel Canada issued their FY2024 earnings per share (EPS) estimates for shares of TELUS International (Cda) in a research report issued to clients and investors on Wednesday, January 15th. Stifel Canada analyst S. Sukumar forecasts that the company will post earnings of $0.42 per share for the year. Stifel Canada currently has a "Strong-Buy" rating on the stock. The consensus estimate for TELUS International (Cda)'s current full-year earnings is $0.43 per share. Stifel Canada also issued estimates for TELUS International (Cda)'s Q4 2024 earnings at ($0.01) EPS, FY2025 earnings at $0.42 EPS and FY2026 earnings at $0.62 EPS.

TELUS International (Cda) (NYSE:TIXT - Get Free Report) last announced its earnings results on Friday, November 8th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.02 by $0.03. The company had revenue of $658.00 million for the quarter, compared to analysts' expectations of $650.10 million. TELUS International (Cda) had a net margin of 1.17% and a return on equity of 9.67%. During the same period last year, the firm earned $0.19 earnings per share.

A number of other equities analysts also recently issued reports on the company. Desjardins upgraded TELUS International (Cda) to a "hold" rating in a research report on Thursday, September 26th. Stifel Nicolaus initiated coverage on shares of TELUS International (Cda) in a report on Thursday. They set a "buy" rating and a $5.00 price target for the company. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $7.20.

TELUS International (Cda) Price Performance

TELUS International (Cda) stock traded down $0.09 during trading hours on Monday, reaching $3.55. 721,583 shares of the stock were exchanged, compared to its average volume of 497,086. The stock has a 50 day moving average of $3.74 and a two-hundred day moving average of $4.06. The company has a market cap of $975.43 million, a P/E ratio of -70.94, a price-to-earnings-growth ratio of 1.11 and a beta of 0.67. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.72. TELUS International has a twelve month low of $2.83 and a twelve month high of $11.51.

Institutional Investors Weigh In On TELUS International (Cda)

A number of institutional investors have recently made changes to their positions in TIXT. JPMorgan Chase & Co. bought a new position in TELUS International (Cda) during the 3rd quarter worth approximately $24,223,000. QV Investors Inc. increased its stake in shares of TELUS International (Cda) by 398.0% in the third quarter. QV Investors Inc. now owns 6,011,720 shares of the company's stock worth $23,496,000 after buying an additional 4,804,521 shares during the period. Northwest & Ethical Investments L.P. raised its holdings in TELUS International (Cda) by 256.5% during the 3rd quarter. Northwest & Ethical Investments L.P. now owns 1,821,074 shares of the company's stock valued at $7,110,000 after buying an additional 1,310,287 shares during the last quarter. Jane Street Group LLC bought a new stake in TELUS International (Cda) in the 3rd quarter worth $3,257,000. Finally, Circumference Group LLC purchased a new position in shares of TELUS International (Cda) in the third quarter valued at about $2,248,000. Hedge funds and other institutional investors own 59.55% of the company's stock.

TELUS International (Cda) Company Profile

TELUS International (Cda) Inc design, builds, and delivers digital solutions for customer experience (CX) in the Asia-Pacific, the Central America, Europe, Africa, North America, and internationally. The company provides digital experience solutions, such as AI and bots, omnichannel CX, enterprise mobility solutions, cloud contact center, big data analytics, platform transformation, and UX/UI design; and customer experience solutions, including work anywhere/work from home, contact center outsourcing, technical support, sales growth and customer retention, healthcare/patient experience, and debt collection.